Cyber Insurance Underwriting

Onda Teams Up with Panorays to Streamline Cyber Insurance Underwriting

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Onda has formed a strategic partnership with Panorays to integrate Panorays’ cyber risk assessment tool into its platform. This two-year collaboration aims to streamline Onda’s cyber insurance underwriting process and improve the determination of insurability against cyber threats. According to a Panorays press release, the partnership will enhance Onda’s risk assessment and monitoring capabilities, giving … Read more

Sixfold Expands AI Capabilities to Help Insurers Adapt to Growing Cyber Risks

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The insurance industry has used artificial intelligence (AI) for years in applications such as risk modeling, data forecasting, claims handling, and contact center operations. Now, Sixfold aims to transform how insurers assess cyber risks, helping them adapt to evolving threats and improve underwriting accuracy. With cyber insurance premiums projected to exceed $20 billion by 2025, … Read more

CrowdStrike Snafu Will Shake Up Cyber Insurance Market: Broadstone

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What some call the largest IT outage in history was caused by a faulty software update, not a cyber attack. But the team at Broadstone thinks the CrowdStrike debacle this summer will move the cyber liability insurance market anyway. “The CrowdStrike event, along with other recent cyber incidents like MoveIT, Change Healthcare, CDK Global, and … Read more

FifthWall Closes $5 Million A Round; Cyber Insurance Wholesaler Announces New Executives

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FifthWall Solutions has announced the closing of a $5 million Series-A funding round. The investors were not dislosed by the company, which says the round will support product development and other growth initiatives. FifthWall describes itself as a “leading cyber insurance wholesaler and consulting firm with direct access to 50+ carriers, (that) partners with MSPs … Read more

Envelop Risk Leverages Its Cyber Tech to Provide Services to Cyber Reinsurance/Insurance Market

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The Company‘s new business unit, Envelop Risk Solutions, will provide technical assistance to reinsurance providers “across the full capital management spectrum, including: cyber underwriting and underwriting strategy, cyber modelling, scenario modelling, capital metrics, cyber market analytics, new product development, threat intelligence, reinsurance operations automation, and global cyber risk forecasting.” “We have developed advanced capabilities to … Read more

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